IMF (2).webp
The Digest:

Nigeria's economic outlook has received a significant boost as the International Monetary Fund upgraded the country's 2025 growth forecast to 3.9%, citing stronger domestic fundamentals, higher oil production, and improved investor confidence amid global economic turbulence.

Key Points:
  • IMF raised Nigeria's 2025 growth projection by 0.5 percentage points to 3.9%
  • The upgrade reflects stronger oil production and improved fiscal support
  • Growth is expected to accelerate to 4.2% in 2026 despite global challenges
  • Nigeria's limited exposure to US tariff wars provided relative advantage
  • Inflation is projected to decline from 31.4% in 2024 to 23.0% in 2025
  • Current account surplus will narrow as imports offset oil export gains
  • The forecast incorporates Nigeria's GDP rebasing using 2019 as new base year
  • Revised data now captures digital economy and informal sectors, raising nominal GDP by 40%
In the shifting currents of global economics, nations that strengthen their foundations often find stability when others face storms, revealing how domestic resilience can transform external challenges into opportunities for growth and renewal.

Sources: IMF World Economic Outlook
Tags: IMF